Phone: 437-922-3173. As part of its mandate, the ISF established the Canadian Sustainable Finance Network (CFSN), an independent formal research and educational network for academics, industry and government. It's All Hot Air Unless You Remove It. FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther, ESG investing news, analysis, research and information. Scotiabank has also made several sustainable finance commitments, including a commitment to mobilize $350 billion in climate finance and a $10 billion commitment in support of affordable housing in Canada by 2030. Sustainable finance whichlooks tointegrateenvironmental and socialfactors into business decisions and financial processessuch as through adjustments to lending and investing activities will play a key rolein funding thetransition to a low carbon economy. Navigating the sustainable finance environment is challenging, and our guests look to shed some light on the process. A better tomorrow where our customers, employees and communities all thrive benefits everyone, including our Bank. We see lots of opportunity for growth,and we want tohelpput Canada on the world stage.. The Edge of Energy Ep. Thats Rubbish! As Chile pursues its climate and sustainable development targets, Scotiabank is delivering sustainable finance solutions to innovative Chilean companies. Scotiabank invests $450,000 in the Royal Canadian Geographical Society project aimed at helping Canadian lower their carbon footprint. Continue to enhance our reporting in alignment with TCFD recommendations and the Partnership for Carbon Accounting Financials (PCAF) guidelines. The team, comprising talented professionals who bring together robust capital markets expertise and leading-edge sustainability backgrounds, builds on Scotiabanks longstanding ESG leadership and works closely with partners across the Bank, including the Social Impact and Sustainability team, among others. You can manage your preferences. With Canadas new ban on some single-use plastics, Scotiabank is implementing a pilot project for reusable takeout containers at its downtown headquarters. Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. Commitments include joining the Partnership for Carbon Accounting Financials (PCAF) and pursuing a net-zero target in financed emissions . As Canada and other countries around the worldstrive to reachnet-zero emissions by 2050, Scotiabankis committing $1.25million infunding to support theInstitute for Sustainable Finance(ISF), amulti-stakeholder collaboration hub at the Smith School of Business at Queens University. At Scotiabank, we are leveraging our organizational experience in the sustainability space, as a respected provider of financing and advisory solutions. Today, in a short timespan since the teams inception, we are very proud to have doubled our Sustainable Finance Group size, increased the range of financing products and advisory services we provide, and significantly grown our transaction volumes. Wecan only movetowards a sustainable future and transitionby workingwith others we cant do it alone. 11:35. 0 This enables a greater range of organizations and sectors to get involved, and set ambitious targets to reduce their greenhouse gas emissions or meet other material sustainability objectives. Phone:416-272-9064. BV5j:Dl|vRmDZ{ s|C$Qd v0sN 7 )!uP%m@,1a! p/~ Dakota has a Bachelor of Commerce from the University of Alberta (finance specialization), having studied internationally in Colombia at the Colegio de Estudios Superiores de Administracin, as well as being a GARP Sustainability and Climate Risk certificate holder. Working with multiple stakeholder groups to tackle system-wide change. The Director, Structured Products Risk Analytics, contributes to the above by leading and developing a team of risk professionals responsible for : Ensuring the market risks in the Bank's Credit Total Return Swap (TRS), CLO warehousing and other credit related business are understood, controlled and reported in accordance with the Bank's . The Sustainable Bonds that Scotiabank intends to issue will include one or a combination of the following: (all collectively referred to as "Sustainable Bonds") Scotiabank and/or its Designated International Subsidiaries may issue Sustainable Bonds in accordance with this Framework under different formats, including public or private placements. Video produced in collaboration with Bloomberg. The loan with Scotiabank will allow us to continue expanding the distribution network and connect more than 100,000 new homes in the coming years, promoting access to an affordable, safe and clean source of energy. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. He holds a Master of Science in Climate Change & Sustainable Finance from EDHEC Business School in France and a BS in Statistics & Analytics from the University of North Carolina at Chapel Hill. Net proceeds from the Sustainability Bond offering will be used to fund the financing or . This important financing with Clidda is part of our ongoing commitment as Scotiabank to accompany our clients to align their financing needs with sustainability strategies and objectives., For his part, Mario Caballero, financial director of Clidda, reported: Hand in hand with the financial sector, in less than a year we have obtained our second sustainable financing, attesting to our genuine commitment to continue growing under the principles of sustainability and contributing to the development of our country. KINGSTON, Ont., November 19, 2020 - The Institute for Sustainable Finance (ISF) today announced that Canada's big five banks, TD Bank Group, Scotiabank, CIBC, BMO and RBC, have committed $5 million to support ISF's mission of aligning mainstream financial markets with Canada's transition to a lower carbon economy.. ISF is the first-ever collaborative hub in Canada that brings together . And, in Asia, Scotiabank provided a US$150 million green loan to Singapore-based Ascendas REIT to finance the acquisition of U.S.-based technology assets, where we additionally advised on a bespoke structure for their inaugural green interest rate swap to hedge the facility. Margot holds a BComm from the Rotman School of Business at the University of Toronto. In his most recent role as Director, Global Risk Management, Stephen led the Commercial Banking Ontario & GTA East Mid-Market adjudication team. Development and marketing of new sustainable finance products across asset classes. Viktor Thaut/123RF. This requires specialized advice and support to build a sustainable finance program, tailored to an organizations mandate, or evolving market trends, such as the current shift away from a focus on individual financings (e.g., a green bond to fund a single green project) to sustainable financing strategies that reflect a companys longer-term sustainability journey. Scotiabank 8 months Sustainable Finance Analyst, Global Capital Markets Rotational Program Feb 2023 - Present2 months Toronto, Ontario, Canada Prime Services Analyst, Global Capital Markets. Director, Sustainable Finance, Global Banking and Markets Jun 2021 - Present1 year 10 months Toronto, Ontario, Canada Peter works within Scotiabank's Sustainable Finance Team creating and. The group, which continues to grow, is led by Bob . Our approach to managing environmental, social and governance (ESG) issues focuses on areas where Scotiabank can make the biggest impact enabling stakeholders to reach their fullest potential, mobilizing finance to address important social and environmental challenges and building trust by acting with integrity in everything we do. The Scotiabank Climate Change Centre of Excellence aims to contribute to the global dialogue on climate change, building a better world for everyone, and for every future. Climate Strategist-Kevin Quinlan, Director of Research at The Institute of Sustainable Finance-Ryan Riordan and Scotiabanks own Head of ESG Research-Patrick Bryden join us to show how Canada is poised become an economic influencer by accelerating innovation while mobilizing and securing a sustainable economic future. You can manage your preferences, Capital Mobilization Plan for a Canadian Low Carbon Economy, Scotiabank commits $1.25 million to the Institute of Sustainable Finance. Todays net zero pathways report details several of the banks commitments, including achieving net-zero operations by 2030, securing 100% non-emitting electricity in Canada by 2025, and globally by 2030, mobilizing $350 billion in capital for climate-related finance by 2030, and providing $25 million in community investment over 10 years to support non-profit and charitable partnerships that enable climate-related systems change and sector decarbonization. Melissa joined Scotiabanks Sustainable Finance group from an ESG ratings and research firm, where she was responsible for assisting issuers, underwriters and companies with sustainable finance transactions across the Americas and EMEA markets. Scotiabank is targeting a $10-billion commitment to support affordable housing in Canada. Scotiabanks leading Sustainable Finance Group is pleased to publish its annual ESG Global and Latin America Market Outlooks. Brian Porter, President & CEO Scotiabank, said: Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part of the social fabric, and engines of economic growth. Joint Bookrunner, Structuring Agent and ESG Advisor, Sole Arranger and Green Structuring Agent, Director, Sustainable Finance, Business Development, We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. March 15, 2022. We understand that assessing and appropriately managing environmental and climate risks is critical to our clients, our long-term operations and our collective business success. ScotiaRISE is Scotiabanks 10-year $500 million community investment initiative designed to promote economic resilience among disadvantaged groups. Achieved 29% reduction of our Scope 1 and 2 emissions (against our 2016 baseline), progressing towards our target of 35% reduction by 2030. It is significantly impacting natural systems and communities across the globe and poses a significant risk to the global economy and society as a whole now, and for future generations. Scotiabanks leading Sustainable Finance Group is pleased to publish its annual ESG Global and Latin America Market Outlooks. This commitment includes lending, investing, financing and advisoryservices, as well asexpenditures in the Banks direct operations and communities where it operates to reduce the impacts of climate change. from the University of Western Ontario in Physics, as well as a JD from the University of Toronto Faculty of Law. Capital markets have long been a bellwether for near- and longer-term economic and societal sentiment. TiffMacklem, now Governor of the Bank of Canada, sat on Scotiabanks Board of Directors while chairing the federallyappointedExpert Panel. Stephen currently leads Business Development in Sustainable Finance for the largest customers in Scotiabanks Commercial segment. Climate change is one of the most pressing issues of our time, and urgent environmental action is needed to mitigate and adapt to its impacts. Prior to this role, Margot was part of the Global Banking and Markets rotational program, where she worked in Equity Research, Sustainable Finance and Prime Services. Sharing information and knowledge through events, training sessions or conferences. Listen to Episode six of the Edge of Energy. To mobilize internal and external collaboration, dialogue and information sharing and contribute to the global conversation on climate change, we are building upon and expanding Scotiabanks Climate Change Centre of Excellence to support Partnerships & Collaborations, Information & Knowledge and Resources & Publications. This assessment is based on the following: Use of Proceeds. BMO's commitment will be managed by its Sustainable Finance Group, with eligible projects including lending, investing and underwriting solutions for retail, commercial and corporate clients involved in originating and funding affordable multifamily mortgages, as well as financing provided to affordable developments through BMO's partnership with Cleary said the institute is very excitedabout, andappreciativeof, the fundingfrom Scotiabank and other corporate partners. Scotiabanksfive-year partnership with the ISF will be an important element ofthe banks Climate Change Centre of Excellence, which aims to mobilize collaboration, dialogue and information sharing tosupportglobal efforts to address climate change, saysSandra Odendahl,VicePresidentof Social Impact & Sustainability. Phone:437-776-9880. Scotiabank recognizes the economic opportunities in the transition to a low-carbon economy, as highlighted by Canada's Expert Panel on Sustainable Finance, the UN Sustainable Development Goals (SDGs), and many other initiatives. The Edge of Energy Ep. TORONTO, Nov. 15, 2022 /CNW/ - Scotiabank's Global Banking and Markets (GBM) business is proud to have been recognized with several 2022 Awards by LatinFinance, the leading source of intelligence on financial markets and economies in Latin America and the Caribbean. He has 15 years of experience across banking, capital markets, impact investing and sustainable finance. Lenore Newman gets excited about the future of food and Evan Fraser, Director of the Arrell Food Institute, has some suggestions for policy makers. At Global Banking and Markets, were proud to have been recognized for the work we do. We are also committed to using our purchasing power to address climate change by working to incorporate climate change considerations into our procurement process. As Chile pursues its climate and sustainable development targets, Scotiabank is delivering sustainable finance solutions to innovative Chilean companies. Suchchanges need to take placefor CanadatoreachParis Agreementtargets, saidISF Executive DirectorSean Cleary. After several years of lending and investment banking experience in energy, healthcare, private equity, and diversified industries, Stephen joined Scotiabank in Commercial Banking National Accounts in 2019. Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients. TORONTO, May 24, 2022 /CNW/ -Scotiabank has been recognized with six wins in the 2022 Global Finance Sustainable Finance Awards, including Best Bank in Canada for leadership in sustainable finance . Scotiabank's Sustainable Finance Groupa team offering sustainable finance solutions to corporate, financial, public sector, and institutional clients across the . With the mandate to provide leading ESG and sustainable finance advice and solutions to corporate, financial, public sector, and institutional clients across the Bank's global presence, the group also supports Scotiabank's own climate change initiatives, including the Bank's commitment to mobilize $100 billion to reduce the impacts of climate "Scotiabank is committed to developing innovative lending, investing and underwriting solutions for retail, commercial and corporate clients who support the achievement of this important housing objective in Canada.". If you continue to use this site we will assume that you are happy with it. Founder and CEO of Carbon Cure, Robert Niven, takes us through carbon capture, sequestration and some innovative technology that will give us the push we need. 3 Year Sustainability Bond US$1,000,000,000 We take responsibility in ensuring we are lowering our environmental footprint in our operations and ensure we are well governed. One way the ISFintendsto put Canada on the map is by helping to tackle theRecommendations of the Expert Panel on Sustainable Finance,releasedby the Canadian government last year. The dedicated and experienced Sustainable Finance Group provides advice and solutions across Scotiabanks operating divisions including Global Banking and Markets, Canadian Banking and Roynat, serving corporate, commercial, financial, public sector, and institutional clients across the Banks global presence Canada, the United States, Latin America, the Caribbean, Europe and Asia Pacific. Mark Segal July 1, 2020. 4 min read Annual reporting on the Bank's sustainability. Cambyse leads Scotiabanks Sustainable Finance efforts in the U.S. Scotiabank provides funding for community investment initiatives that focus on advancing economic resilience, removing barriers to advancement and increasing access to opportunities. Financed emissions typically make up the significant majority of banks climate impact. 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